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file below DEMAND SUPPLY INCLASS II For each of the factors listed on the left column, put a check mark on the

May 28, 2024

file below

DEMAND SUPPLY INCLASS II

For each of the factors listed on the left column, put a check mark on the appropriate cell to indicate the effect of the event on Supply and Demand and equilibrium Price and Quantity (Use arrow up/down to indicate increase/decrease). Use the graph to indicate shifts/movement along Supply (from So to ..) and Demand (from Do to …) Curve

	Increase/Decrease Quantity Demanded	Increase/Decrease Quantity Supplied	Increase/Decrease Demand	Increase/Decrease Supply	EQBM P	EQBM Q
Price of Good X
Shift and Taste Taste and Preferences away from good X
Decrease in producer excise taxes on Good X
Government imposes costly new requirements of producers of Good X
Increase in Consumer Income (Good X Normal)
Cost of material used to make good X increases
Decrease in the Price of Good Y, Y is a substitute good to X
Buyers expect price of Good X to increase in the near future
Government imposes costly new requirements of producers of Good X

Price P

Quantity Q

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